The Treasury Department Wednesday auctioned $45 billion of four-week bills at a 0.010% high yield, a price of 99.999222.
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The coupon equivalent was 0.010%. The bid-to-cover ratio was 3.35.
Tenders at the high rate were allotted 82.57%. The median rate was zero. The low rate was zero.
The bills have an issue date of May 28 and are due June 25.
Tenders totaled $150,920,345,000 and the Treasury accepted $45,000,449,000, including $244,661,100 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
